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Desert Storm: Day 23

Financial

February 08, 1991

The stock market inched ahead, bidding to recover from Thursday's mild setback.

The Commerce Department approved exports to Iraq of $1.5 billion in equipment with potential military uses during the six years preceding Iraq's invasion of Kuwait. A partial list of the licenses obtained this week by the Associated Press show the items included emulsion explosives, nuclear power equipment, lasers, computer equipment, aircraft supplies and chemical materials.


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Banks are required to give military reservists on active duty a break on interest rates, but several are going beyond the law by dropping interest charges and postponing payment deadlines.

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